INDEPENDENT AUDITORS' CONSENT

We consent to the  incorporation  by reference in  Registration  Statements No.s
33-56354,  33-70632,  33-72752,  33-83956,  33-94756,  333-06733,  333-06939 and
333-25635  of HFS  Incorporated  (the  "Company)  on Form  S-8 and  Registration
Statements No.  333-11031 and 333-17453 of the Company on Form S-3 of our report
dated  April  30,  1997  related  to  the  consolidated  balance  sheets  of PHH
Corporation  and  subsidiaries at December 31, 1996 and January 31, 1996 and the
related consolidated statements of income,  stockholders' equity, and cash flows
for the year  ended  December  31,  1996  and each of the  years in the two year
period ended January 31, 1996. Our report contains an explanatory paragraph that
states that the  Company  adopted  the  provisions  of  Statement  of  Financial
Accounting  Standards No. 122 "Accounting for Mortgage  Servicing Rights" in the
year ended January 31, 1996.


/s/ KPMG Peat Marwick LLP
Baltimore, Maryland
July 15, 1997